The Government is to introduce a new Derelict Property Tax in 107 cities and towns across the State.<\/p>\n
T\u00e1naiste and Minister for Finance Simon Harris will update Cabinet on Tuesday on plans to introduce the tax as part of the Finance Bill later in the year.<\/p>\n
This tax will initially apply to properties located in urban areas with populations of 4,000 or more.<\/p>\n
This includes Dublin, Cork, Limerick and Galway cities, as well as towns like Drogheda, Dundalk, Navan, Sligo and Roscommon.<\/p>\n
A second phase will then extend the measure to a further 64 towns with populations of 2,000 or more.<\/p>\n
This will bring the total number of locations covered to 171.<\/p>\n
The tax will replace the current derelict site levy, which is charged at 7% of the market value of the property.<\/p>\n
The new tax rate will not be lower than the current figure.<\/p>\n
Mr Harris said the primary objective of the measure is to support the revitalisation of communities by bringing long-term derelict buildings back into productive use.<\/p>\n
He said success will not be measured by the amount of tax collected, but rather by the number of properties restored and homes created.<\/p>\n
The new tax will be administered by Revenue, while local authorities will maintain derelict property registers and identify properties that meet the relevant criteria.<\/p>\n
Officials are continuing to develop the detailed design of the scheme, including exemptions, appeals mechanisms and ownership verification arrangements ahead of legislation later this year.<\/p>\n
Latest estimates indicate there were approximately 19,438 residential derelict properties across the State at the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"The Government is to introduce a new Derelict Property Tax in 107 cities and towns across the State.…\n","protected":false},"author":2,"featured_media":498511,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,60,43],"class_list":["post-498510","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ireland","tag-ie","tag-ireland","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/498510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=498510"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/498510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/498511"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=498510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=498510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=498510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}